Last Updated on 2/3/2005 by bidz

Coin collecting fun, but dubious investment

The San Diego Union-Tribune
By Meg Richards
January 30, 2005

“Rare coins can be extremely valuable, but their worth generally has more to do with their history and condition than the amount of gold or silver they contain. Taking into account all of the factors that contribute to the value of a coin, whether it’s old or freshly minted, can be a challenging task, even for an expert numismatist, or coin collector. And there’s no guarantee they’ll appreciate in value.
…Coin collecting has enjoyed a popular resurgence in recent years, as the U.S. Mint issued a number of new products, including the popular 50-state quarter series. But that, combined with the investment community’s renewed fondness for “real assets” such as precious metals and other commodities, has led to a rise in fraud.”

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